Jim Cramer Nailed These 11 Stock Predictions

3. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 126

Back in 2024, on May 20, a caller asked Cramer whether it was time to buy, sell, or hold Tesla, Inc. (NASDAQ:TSLA), given its steep decline at the time. Cramer didn’t want to bet against it but advised a scaled buying approach.

“Great question. It’s what I call a ‘down stock.’ There’s a preponderance of people who come in that want to sell it. I don’t want to bet against the stock down here at 174, but I would buy it in scale. That would mean buying — let’s say you want 100 shares — you buy 25 here, 25 at 150, 25 at 125, and then 25 at 100. That’s the only way I can recommend it, because it is falling right now.”

Great call by Cramer, as the stock has risen by 100.17% over the past year. Tesla, Inc. (NASDAQ:TSLA) is rallying strongly as investors rotate back into mega-cap growth and AI leadership stocks.

Cramer is now bullish on Tesla. Here’s what he said when a caller recently asked him if their child should start a position in the stock:

“Absolutely. Absolutely. And… Tesla, you know, broke down after that report, that bad quarter. Adam Jonas, my favorite analyst in this space, said, listen, it’s time to start thinking about this. This is a technology company. I went out hard with his, I don’t mind being derivative with his idea. Boy, we’ve caught a lot and we’re not done. It’s going to go higher.”